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Cost-Plus-Incentive-Fee Contract

Cost-Plus-Incentive-Fee Contract: A cost-reimbursement contract that provides for an initially-negotiated fee to be adjusted by a formula based on the relationship of total allowable costs to total target costs.

Cost-Plus-Incentive-Fee Contract: A cost-reimbursement contract that provides for an initially-negotiated fee to be adjusted by a formula based on the relationship of total allowable costs to total target costs.